Arhaus, Inc. (NASDAQ:ARHS) Short Interest Update

Arhaus, Inc. (NASDAQ:ARHS) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 6,400,000 shares, a growth of 8.8% from the November 15th total of 5,880,000 shares. Approximately 12.7% of the shares of the stock are sold short. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is presently 4.7 days.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Telsey Advisory Group raised shares of Arhaus from a “market perform” rating to an “outperform” rating and increased their target price for the company from $11.00 to $12.00 in a research note on Thursday, November 14th. Jefferies Financial Group restated a “hold” rating and issued a $12.00 target price on shares of Arhaus in a report on Wednesday, October 9th. Barclays reduced their target price on Arhaus from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Bank of America cut Arhaus from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $11.00 in a research note on Thursday, November 7th. Finally, Craig Hallum downgraded Arhaus from a “buy” rating to a “hold” rating and cut their price objective for the stock from $14.00 to $10.00 in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.90.

Arhaus Stock Down 2.5 %

Arhaus stock opened at $10.55 on Monday. Arhaus has a twelve month low of $8.30 and a twelve month high of $19.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.52 and a current ratio of 1.23. The firm has a market cap of $1.48 billion, a PE ratio of 18.84, a P/E/G ratio of 14.78 and a beta of 2.58. The firm’s 50 day moving average price is $9.77 and its two-hundred day moving average price is $12.88.

Arhaus (NASDAQ:ARHS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Arhaus had a net margin of 6.18% and a return on equity of 24.92%. The firm had revenue of $319.13 million for the quarter, compared to analyst estimates of $328.94 million. During the same period in the previous year, the business posted $0.14 EPS. Arhaus’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts predict that Arhaus will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Arhaus

Large investors have recently made changes to their positions in the company. Amalgamated Bank bought a new position in Arhaus during the second quarter valued at approximately $30,000. Quantbot Technologies LP bought a new position in shares of Arhaus during the 3rd quarter valued at $43,000. Quest Partners LLC boosted its holdings in Arhaus by 716,800.0% in the second quarter. Quest Partners LLC now owns 7,169 shares of the company’s stock worth $121,000 after purchasing an additional 7,168 shares in the last quarter. Intech Investment Management LLC acquired a new position in Arhaus during the third quarter worth $131,000. Finally, Ground Swell Capital LLC acquired a new position in Arhaus during the second quarter worth $183,000. Institutional investors own 27.88% of the company’s stock.

About Arhaus

Arhaus, Inc operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases, modular storage, and other items; and outdoor products, such as outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits.